Vietnam: Two Cities Among JLL’s Momentum Index Top 10

Hanoi and Ho Chi Minh City ranked among the Global Top 10 in the recently released 2018 JLL Short-Term Momentum Index. Hanoi and HCM city ranked third and sixth respectively. The index tracks a number of factors to identify cities, which possess attributes for success over the short term.

The Index combines various short-term socio-economic and commercial real estate momentum variables to calculate the rankings:

Socio-economic momentum, which accounts for 50 percent of the model, includes variables related to changes in city GDP, population, air passengers, and corporate headquarters presence. It also includes projected changes in GDP, population, retail sales, and FDI.

HCM City and Hanoi

According to the Index, the rapid growth of both the economic hubs, driven by government infrastructure investments, will help them to continue their momentum in the future. Both cities continue to attract significant amounts of FDI and integrate themselves further into the regional and global supply chains, in areas such as high-tech manufacturing. The rapid economic growth in both the cities has led to a growth in income, retail sales, and the number of air passengers.

Going forward, the strong investor sentiment will continue to stimulate the growth momentum of the cities.

Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout the Vietnam and the Asian region. We maintain offices in Hanoi and Ho Chi Minh City, as well as throughout China, South-East Asia, India, and Russia. For assistance with investments into Vietnam please contact us at vietnam@dezshira.com or visit us at www.dezshira.com

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